Prudential Financial Inc. Purchases 296,570 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Prudential Financial Inc. increased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 16.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,109,892 shares of the real estate investment trust's stock after purchasing an additional 296,570 shares during the period. Prudential Financial Inc. owned 0.70% of Brixmor Property Group worth $58,739,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BRX. Geode Capital Management LLC boosted its position in shares of Brixmor Property Group by 0.8% in the third quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust's stock valued at $156,473,000 after acquiring an additional 44,485 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Brixmor Property Group by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust's stock valued at $138,185,000 after purchasing an additional 159,388 shares during the period. Zurich Insurance Group Ltd FI boosted its holdings in Brixmor Property Group by 44.7% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust's stock valued at $86,499,000 after purchasing an additional 959,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Brixmor Property Group by 3.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,365,410 shares of the real estate investment trust's stock worth $65,900,000 after purchasing an additional 79,778 shares during the period. Finally, Captrust Financial Advisors bought a new stake in Brixmor Property Group during the third quarter valued at $46,695,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have weighed in on BRX. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and raised their price target for the company from $28.00 to $33.00 in a report on Friday, February 14th. Mizuho cut their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Wells Fargo & Company cut their price objective on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday. BMO Capital Markets upgraded Brixmor Property Group from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Finally, Scotiabank dropped their price target on shares of Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.48.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX traded down $0.18 during mid-day trading on Friday, reaching $26.09. 2,796,565 shares of the company traded hands, compared to its average volume of 2,213,261. The firm has a market cap of $7.98 billion, a PE ratio of 23.50, a PEG ratio of 2.66 and a beta of 1.59. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. The company's 50 day moving average price is $26.62 and its 200-day moving average price is $27.55. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. On average, equities analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.2875 dividend. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group's payout ratio is currently 103.60%.

About Brixmor Property Group

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.